In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.

The Romneys’ effective tax rate for 2011 was 14.1%.

The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.

The Romneys claimed a deduction for $2.25 million of those charitable contributions.

The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.

Additionally, the Romney campaign is releasing a summary of 20 years of taxes, between 1990-2009, detailing their tax expenditures during those years:

In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.

Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.

Mitt Romney's presidential campaign is releasing a brief summary of 20 years of tax returns on Friday, and his accountant says it will show he gave 13.45 percent of his adjusted gross income to charities.

That's nearly twice the rate of President Obama, who according to his tax returns from 2000 through 2011 donated just less than 7 percent of his adjusted gross income to charities.

Mr. Romney's campaign did not release his returns, but instead had his trustee, Brad Malt, write a blog post giving some details of returns from 1990 through 2009.

The campaign has released Mr. Romney's 2010 return and, later Friday, will release his 2011 return, which he filed with the IRS earlier in the day.

That return will show Mr. Romney and his wife Ann paid $1.9 million in taxes on income of $13.7 million, for a rate of 14.1 percent, Mr. Malt said. Most of that income is from investments, which are usually taxed at a lower rate than salary or wages.

Mr. Malt said the Romneys would have had an even lower tax burden if they'd claimed the full deduction for all of their charitable giving in 2011, but said they "limited their deduction of charitable contributions to conform to the governor's statement in August, based upon the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years."

When charitable contributions and federal and state taxes are combined, it amounted to 38.5 percent of the Romneys' income, the trustee said.

Mr. Malt said the Romneys have owed taxes in each of the years in question — which contradicts a charge Senate Majority Leader Harry Reid, Nevada Democrat, issued earlier this summer.